Velocity Financial Inc expected to post earnings of 20  cents a share - Earnings Preview

Velocity Financial

05/05/2021 03:02

* Velocity Financial Inc  VEL.N   VEL  is expected to show
a rise in quarterly revenue when it reports results on May 6.
* The Westlake Village, California-based company is expected to
report   a 11.9% increase in revenue to $19.1 million from
$17.07 million a year ago, according to the mean estimate from 2
analysts, based on Refinitiv data.
​* Refinitiv's mean analyst estimate for Velocity Financial Inc
is for earnings of 20 cents per share. For the same quarter last
year, the company reported earnings of 26 cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
* The mean earnings estimate of analysts was unchanged in the
last three months. ​
* Wall Street's median 12-month price target for Velocity
Financial Inc is $10.5​, about 14.3% above​ its last closing
price of $9.00. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Dec. 31 2020  0.14        0.13       0.29      Beat    126.1
 Sep. 30 2020  0.14        0.14       0.12      Missed  -14.9
 Jun. 30 2020  0.18        0.21       0.11      Missed  -47.5​
 Mar. 31 2020  0.30        0.31       0.26      Missed  -16.5
 Dec.          0.49​       0.49       0.27      Missed  -43.8​
 31​ 2019​                                              
                                                        ​
 This summary was machine generated May 5 at 02:02 GMT.  All
figures in US dollars unless otherwise stated